jwbanks's Just In Stories

Senators working overtime on housing bill this week

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Senators working overtime on housing bill this week

Senators are working overtime this week to push through a massive housing bill. The new bill is a democratic proposal with broad republican support. The proposed housing bill will offer some relief to homeowners...

created by jwbanks | 10 wks ago | updated 10 wks ago
83 views | 0 comments

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Senators working overtime on housing bill this week

Senators are working overtime this week to push through a massive housing bill. The new bill is a democratic proposal with broad republican support. The proposed housing bill will offer some relief to homeowners...

created by jwbanks | 10 wks ago | updated 10 wks ago
66 views | 0 comments

Harvest Foreclosures

Seeking a Harvest foreclosure - you are in luck you can find them pretty easily. The terrible economy is causing hundreds of people to be in arrears with their mortgage. After awhile, the bank begins the foreclosure process. Foreclosure homes are priced well below market...

created by jwbanks | 10 wks ago
86 views | 2 comments

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Fannie Mae And Freddie Mac Rescue Plan

Treasure secretary Henry Paulson announced yesterday that he will ask congress to help the mortgage giants Fannie Mae and Freddie Mac to get better deals on loans from the Federal Reserve as well as a support of $15...

created by jwbanks | 12 wks ago | updated 12 wks ago
163 views | 2 comments

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Growing Threat Of Negative Equity

The falling house prices caused by the real estate foreclosure crisis have pushed thousands of US homeowners to negative equity. Negative equity is when a home owner owns a home that is worth less than the value of...

created by jwbanks | 13 wks ago | updated 13 wks ago
113 views | 1 comment

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Foreclosure Or Short Sales?

With the real estate crisis home prices are down despite the low prices many homeowners are stucked with the possibility of foreclosure and many are now opting for short sales. Short sales seem to be the only...

created by jwbanks | 14 wks ago | updated 14 wks ago
104 views | 1 comment

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Pacman Jones Faces Foreclosure

Tennessee football player Adam Jones aka “Pacman” has defaulted on his home in Nashville and a foreclosure sale has been published involving his 30 acres home in Nashville. According to the notice of foreclosure...

created by jwbanks | 15 wks ago | updated 15 wks ago
86 views | 0 comments

New York announces new foreclosure Proposal

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New York announces new foreclosure Proposal

Yesterday, a new proposed legislation to deal with current New York foreclosure laws was agreed by Gov. David A. Paterson and leaders of New York Legislature. The proposed legislation will toughen its mortgage rules...

created by jwbanks | 15 wks ago | updated 15 wks ago
161 views | 0 comments

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Senators Getting Better Loan Deals

As chairman of the senate banking committee Chris Dodd has been trying to crack down on companies accused at predatory mortgages at the center of the home foreclosures crisis, but Countrywide, one of the companies...

created by jwbanks | 16 wks ago | updated 16 wks ago
143 views | 2 comments

Congresswoman being sued for using her influence

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Congresswoman being sued for using her influence

James York, a Sacramento investor has filed a lawsuit against the Calif. congresswomen and her bank for using influence to force Washington Mutual Inc to back out the sale of the foreclosed home that York bought from...

created by jwbanks | 16 wks ago | updated 16 wks ago
135 views | 0 comments

1.4 Million Bankruptcy Claims expected in 2008

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1.4 Million Bankruptcy Claims expected in 2008

Another sign of the bad economic times: The American Bankruptcy institute said that the number of Bankruptcy files this year could reach 1.4 million. What is worst is that most of the people are filing a chapter 7...

created by jwbanks | 17 wks ago | updated 17 wks ago
81 views | 0 comments

Evander Holyfield Knocked Out By Foreclosure

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Evander Holyfield Knocked Out By Foreclosure

Associate Press is reporting that Evander Holyfield, former heavyweight champion, is facing foreclosure on a $10 million property in Atlanta. The legal notice ran this week on local papers saying that the property...

created by jwbanks | 17 wks ago | updated 17 wks ago
302 views | 3 comments

Disturbing Trends Of Illinois Foreclosures

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Disturbing Trends Of Illinois Foreclosures

Heightened foreclosure activity in Illinois has been disturbing the residents of the state. From Chicago to Cook County to Kane County, the number of foreclosed homes has been increasing at a faster rate than...

created by jwbanks | 18 wks ago | updated 18 wks ago
159 views | 0 comments

Growth of crisis in the UK housing market

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Growth of crisis in the UK housing market

The UK has been hit by a similar housing crisis that it is affecting the US. Specialists have predicted that if the crisis is not stopped at the beginning it could be far worse than the US foreclosure crisis, as the...

created by jwbanks | 18 wks ago | updated 18 wks ago
85 views | 0 comments

Indian Real Estate Benefiting From US Crisis

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Indian Real Estate Benefiting From US Crisis

The whole crisis in the US is giving hope to India. America is the number one outsourcer of India´s IT/ITeS business, and recent reports are showing that due to the cheap labour in India and the economy crisis that...

created by jwbanks | 18 wks ago | updated 18 wks ago
88 views | 1 comment

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